EAST TENNESSEE ECONOMIC DEVELOPMENT AGENCY INC

EIN: 621158958 501(c)(3) Education

KNOXVILLE, TN

Total Revenue
$1,386,333
Total Expenses
$889,222
Total Assets
$5,583,621
Net Assets
$5,502,623
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TN
Principal Officer
BRAD MAUL
Phone
8657773833
Tax Period
2024-10-01 to 2025-09-30

EAST TENNESSEE ECONOMIC DEVELOPMENT AGENCY INC, founded in 1982, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $497K, a strong 36% operating margin.

Mission

MARKETING AND PROMOTING A 15-COUNTY REGION OF EAST TENNESSEE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $717,449
Program Service Revenue $0
Investment Income $226,737
Other Revenue $442,147
TOTAL REVENUE $1,386,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $539,121
Fundraising Expenses $72,657
Program Expenses $674,506
Other Expenses $350,101
TOTAL EXPENSES $889,222

Year-over-Year Comparison

2024 2023 Change
Revenue $1,386,333 $1,480,577 -0.1%
Expenses $889,222 $1,112,079 -0.2%
Net Income $497,111 $368,498 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
26
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$314,784
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENDALL BEAR MEMBER 0.10
Director
$0 $0 $0
GABRIEL BOLAS MEMBER 0.10
Director
$0 $0 $0
JARROD BRACKETT MEMBER 0.10
Director
$0 $0 $0
SHANNON LITTLETON MEMBER 0.10
Director
$0 $0 $0
GLENN JACOBS MEMBER 0.10
Director
$0 $0 $0
JOEY SAULS MEMBER 0.10
Director
$0 $0 $0
DAVID REYNOLDS MEMBER 0.10
Director
$0 $0 $0
ALLEN ROBBINS MEMBER 0.10
Director
$0 $0 $0
JOE CARROLL MEMBER 0.10
Director
$0 $0 $0
TERRY FRANK MEMBER 0.10
Director
$0 $0 $0
ERIC HICKS MEMBER 0.10
Director
$0 $0 $0
RYAN TRENTHAM MEMBER 0.10
Director
$0 $0 $0
MICHAEL WILLIFORD MEMBER 0.10
Director
$0 $0 $0
CANDACE VANASDALE MEMBER 0.10
Director
$0 $0 $0
MIKE ODOM EX-OFFICIO MEMBER 0.00
Director
$0 $0 $0
BRYAN DANIELS EX-OFFICIO MEMBER 0.00
Director
$0 $0 $0
WES STOWERS MEMBER 0.10
Director
$0 $0 $0
DERRICK COLLINS MEMBER 0.10
Director
$0 $0 $0
JESSICA COOPER MEMBER 0.10
Director
$0 $0 $0
REGINA KENNEDY MEMBER 0.10
Director
$0 $0 $0
JOHN PROFFITT MEMBER 0.10
Director
$0 $0 $0
KEVIN GOINS MEMBER 0.10
Director
$0 $0 $0
JIM JAMISON MEMBER 0.10
Director
$0 $0 $0
GREG FAY CHAIR 0.20
Officer
$0 $0 $0
HARRY GROSS MEMBER 0.20
Officer
$0 $0 $0
LARRY WATERS CHAIR ELECT 0.20
Officer
$0 $0 $0
BARBARA COPE DIRECTOR OF OPERATIONS 45.00
Officer
$57,669 $0 $57,669
BRAD MAUL PRESIDENT & CEO 45.00
Officer
$257,115 $0 $257,115
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,386,333 $889,222 $5,583,621 $497,111
2024 $1,480,577 $1,112,079 $5,137,472 $368,498
2023 $1,141,682 $711,956 $4,610,965 $429,726
2022 $514,680 $708,402 $3,912,761 $-193,722
2021 $1,235,928 $781,582 $4,399,971 $454,346
2020 $939,336 $913,589 $3,857,702 $25,747
2019 $829,453 $909,661 $3,753,384 $-80,208
2018 $857,278 $920,527 $3,880,404 $-63,249
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